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    16561 47Th Ave Opa-locka, FL 33054

    Sponsored
    For Sale
    $3,195,000

    1.5-acre vacant land, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.5-acre development opportunity in Miami Gardens, Florida, presents a unique investment prospect. Located at 16561 NW 47th Ave, this property encompasses 65,340 square feet of vacant land, currently zoned RF-15 (Residential). The site offers significant potential for redevelopment, with the possibility of zoning changes to accommodate industrial uses such as warehousing, subject to approval from the Miami Gardens zoning department. Comprising two separate parcels, this property boasts high visibility from the south side of the 826 Expressway, benefiting from over 140,000 vehicles passing daily, ensuring excellent exposure for any future development. The asking price for this strategically located land is $3,195,000. Its dual residential and warehouse subtype designation provides flexibility for a variety of development plans. The property's location in Miami-Dade County, Florida, within the 33054 zip code, offers convenient access to major transportation routes and amenities. This is an ideal opportunity for developers seeking a high-traffic location with significant redevelopment potential. The property is currently vacant, allowing for immediate development commencement. Serious inquiries are encouraged.

    Property Features for 16561 47Th Ave

    General Information

    Property type
    Distribution properties

    HighLights

    • 1.5‑acre development site in Miami Gardens, FL (16561 NW 47th Ave).
    • 65,340 SF vacant land, currently zoned RF‑15 (Residential), with potential for industrial rezoning.
    • High visibility from the 826 Expressway, over 140,000 vehicles daily.
    • Asking price: $3,195,000.
    • Convenient access to major transportation routes and amenities in Miami‑Dade County (33054 zip code).
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Opa-locka
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2763408
    Latitude
    25.9240129

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    FAQs

    What type of property is this?
    Distribution property - 1.5-acre vacant land, prime location.
    Where is this distribution property located?
    The property is located at 16561 47Th Ave Opa-locka, FL.
    What is the asking price?
    The asking price for this property is $3,195,000.
    What are key features of this property?
    This property features: 1.5-acre development site in Miami Gardens, FL (16561 NW 47th Ave).; 65,340 SF vacant land, currently zoned RF-15 (Residential), with potential for industrial rezoning.; High visibility from the 826 Expressway, over 140,000 vehicles daily.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16561 47Th Ave Opa-locka, FL 33054
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